Zero-Knowledge Rollup ZKM Sets Out to Make Ethereum 'Universal Settlement Layer'

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Zero-Knowledge Rollup ZKM Sets Out to Make Ethereum 'Universal Settlement Layer'
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.SecretZKProject a zero-knowledge rollup has been unveiled out of incubation from the MetisDAO Foundation, with the aim of making Ethereum the 'universal settlement layer' for all blockchain and non-blockchain applications. By JamieCrawleyCD

Zero-knowledge rollup ZKM has been unveiled out of incubation from the MetisDAO Foundation, saying it plans to make Ethereum the"universal settlement layer for all blockchain and non-blockchain applications."

into one, according to an emailed announcement on Thursday. Rollups are a way of bundling transactions to improve throughput and lower transaction costs.Metis will be the first network to use ZKM's hybrid rollup, which will allow the layer 1 chain to implement instant transfers from the layer 2.

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